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4 Income Tax Changes in the CARES Act Worth a Second Look
Posted by Chrissy Hammond on Thu, Apr 9, 2020 @ 12:01 PM

Among its many other disaster relief and support measures, the Coronavirus Aid, Relief, and Economic Security (CARES) Act made several beneficial income tax changes. It addresses a long simmering problem from the 2017 tax reform law commonly known as the Tax Cuts and Jobs Act (TCJA), and also temporarily reverses course on some of the TCJA’s other tax changes. These tax law change creates opportunities for income tax refunds and/or reduced income tax liabilities. Below are four of the most significant provisions your organization should evaluate in short order.

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Topics: NOLs, COVID19, Coronavirus, Net Operating Loss Carrybacks, Retail Glitch Fix

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